Revenue Information Bulletin 11-011: Natural Gas Severance Tax Rate

The Louisiana Department of Revenue has issued Revenue Information Bulletin (RIB) 11-011, which discusses the natural gas severance tax rate for the fiscal year that begins July 1, 2011:

The natural gas severance tax rate effective July 1, 2011, through June 30, 2012, has been set at 16.4 cents per thousand cubic feet (MCF) measured at a base pressure of 15.025 pounds per square inch absolute and at the temperature base of 60 degrees Fahrenheit.

The full text of RIB 11-011 is available at revenue.louisiana.gov.

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